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MKTG 311 QUIZ 3 QUESTIONS WITH CORRECT ANSWERS..

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MKTG 311 QUIZ 3 QUESTIONS WITH CORRECT ANSWERS

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All of the following statements about the creation of a code of ethics are true
EXCEPT:


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A code guarantees ethical behavior among a firm's employees.




Pharmaceutical companies spent $4.4 billion on prescription drug advertising in 2008,
mostly on television and in magazines. While the Internet is becoming a more
prominent medium to reach consumers and is the primary source used to seek health
information, these companies spent less than $130 million on Web marketing. One
reason is that there are no guidelines, which makes these heavily-regulated marketers
uneasy. For example, television commercials for prescription drugs must include
disclosures regarding the major side effects if the brand name is mentioned in the ad.
The Food and Drug Administration (FDA) claims that existing regulations address
many of the Internet advertising issues, but other aspects of Web marketing, such as
social networking and search marketing, must be reviewed. That's why the FDA

, hearings on this issue were attended by pharmaceutical giants and Web companies
like Google, Yahoo, and WebMD Health.


Refer to Drug Marketing. Which level of the pyramid of social responsibility is most
relevant to this situation in which the drug companies want to ensure that they are
"playing by the rules"?


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legal responsibilities




_____ refers to the moral principles or values that generally govern the conduct of an
individual or a group.


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Ethics




The pyramid of corporate social responsibilities contains all of the following
components EXCEPT:


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cultural responsibilities




One of the favorite foods in Thailand is shark fin soup. A San Francisco-based
organization claimed the soup made by its leading producer contained mercury
poison, yet the leading producer of shark fin soup wanted to continue selling the
soup because it believes it has a responsibility to its investors to be profitable. In

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